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 Tuesday, July 17, 2012
Movistar Venezuela has expanded its HSPA-based mobile broadband services in the central region of the country with the deployment of six new cell sites costing VEF7.1 million (USD1.7 million), reports BNamericas citing Entorno Inteligente. The spending forms a small fraction (0.33%) of the Telefonica subsidiary’s VEF2.16 billion, or around USD500 million, annual investment budget for projects including doubling its 3G+ capacity. The cellco’s CAPEX in the first quarter of 2012 represented 16% of the total investment figure, and was largely spent on 3G coverage and capacity, to meet data services demand in Venezuela that Movistar corporate communications VP, Douglas Ochoa, said expanded by 400% last year. Movistar Venezuela’s revenues reached USD831 million in Q1 2012, up 23.5% year-on-year, as data turnover climbed 33.4%; non-SMS data accounted for 51% of total data revenues during the quarter.

Source: TeleGeography.